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Business and Economics

Explorer President’s Column

If you remember from my last column, this is a three-part series on my thoughts on science, membership and budget. I talked about budget last time … we are still working on it, so let’s talk science. The reason most professionals join AAPG is for access to science. That’s not just my opinion – it’s what members tell us. AAPG is very good about disseminating the work of our members and other professionals around the world. That’s our mission.

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American Association of Petroleum Geologists (AAPG)
Explorer Historical Highlights

Sixty years ago this month, on Sept. 14, 1960, representatives from five oil producing gathered at the Al-Shaab Hall in Baghdad to form the Organization of Petroleum Exporting Countries. OPEC was formally dedicated to “the coordination and unification of the petroleum policies of the member countries and the determination of the best means of safeguarding their interests, individually and collectively.” Public perceptions in the West about OPEC are usually negative. OPEC is viewed as an oil cartel, or even a monopoly, whose sole purpose is to control the oil market. The 60th anniversary of OPEC is an appropriate opportunity to review its formation.

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American Association of Petroleum Geologists (AAPG)
Explorer Emphasis Article

The good news is that for oil and gas jobs, it’s about to get better. The bad news, of course, is that much of that is because there’s so little room for things to get any worse. And even then, don’t expect a quick bounce-back. With expectations properly managed, though, there is good reason for hope for those who adapt to the ongoing changes within the industry. The industry’s jobs outlook evolved as companies struggled through the 2015-17 downturn and then faced a new challenge from the COVID-19 pandemic this year. Fundamentally, the industry is getting: Leaner. Cleaner. Greener.

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American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

A few members ask me, “Why does the Executive Committee worry so much about money all the time?” Well, actually we prefer to focus on science and members’ needs, but as Woody Allen once said about the importance of money, “It is better than poverty, if only for financial reasons.” The primary reason I am discussing money in this column is to let you know changes are coming. We cannot afford to do everything we have done in the past. Some programs will be reduced or cut. We will let you know as this happens.

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American Association of Petroleum Geologists (AAPG)
Explorer Director’s Corner

If you’ve ever picked up a book on business – how to start a business, how to run a business, how to save a business – you typically don’t have to page too far before you run into a popular term: “value proposition.” The pandemic is causing us to reassess AAPG’s value proposition for our members and our customers. We must consider that what has worked in the past may not work in the future and that our members’ and the industry’s needs are experiencing fundamental change.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

AAPG’s Latin America and Caribbean Region started 2020 with a strong lineup of technical and business events. The year 2020 was the year of promise. The Hedberg Conference went well in February, but one of the participants from China canceled travel plans because of a coronavirus outbreak in the country. One month later, the world turned upside down. Countries closed their borders, companies sent workers home, and sponsors canceled support. In-person conferences were not just risky but prohibited in most cases. It was time to go back to the drawing board.

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American Association of Petroleum Geologists (AAPG)
Explorer Article

If recent events in the oil and gas sector, especially as it relates to the fallout and contraction from COVID-19, illustrate anything, it is the need for companies to create resilient businesses and business models. “That means having a business plan that anticipates and can adapt to changing conditions due to evolving environment, societal, and governmental pressures.” That’s Joseph R. Davis, independent direct at BKV Corp, an investment E&P firm. “You can’t separate ESG from sustainability,” he said, “for ESG is how business addresses sustainability.”

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American Association of Petroleum Geologists (AAPG)
Explorer Article

Exact predictions of the future have always been close to impossible. For the oil industry today, they might be even harder than that. Some oil companies are taking a wait- and-watch approach to planning, as multiple unknowns face the industry in a period of extreme uncertainty. Trying to predict a precise outlook right now isn’t just foolish, said Mark Finley. It could be dangerous.

American Association of Petroleum Geologists (AAPG)
Explorer Article

What is “brand”? The London-based Design Council notes that: “Brand is a set of associations that a person (or a group of people) makes with a company, product, service, individual or organization. These associations may be intentional – that is, they may be actively promoted by marketing and/or corporate identity – or they may be outside the control of the business.” For example, the growing belief among younger demographics that the fossil fuel industry represents the fuels of their parents.

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American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

“The only certainty in geology is the unexpected will happen” is a bit of wisdom my friend and mentor John Shelton likes to quote. If anything, in this environment, it’s an understatement. AAPG, our members and industry were hit with the perfect storm: —COVID-19, geopolitics and commodity prices. Of course, I don’t need to tell you about it. We have all adjusted to a new world, which includes quarantines, masks, eating in, ordering out, Zoom, MS Teams, etc. The dogs love it, the cats hate it. It’s been tough on all of us and my thoughts and prayers are with you and your families, especially those who have lost loved ones. So … how does all this impact your society?

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American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 8 October 2020, 3:00 p.m.–4:00 p.m.

Join us as Doug Peacock discusses how changes in oil price impact reserves in theory, and with practical industry examples. Presentation will be via Zoom on Thursday 8 October 15:00 SGT (UTC+8) Singapore time zone

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 1 October 2020, 11:00 a.m.–12:00 p.m.

Join AAPG Asia Pacific to hear Agus Ramdahn, PhD to hear about a method of combining Bowers Method with density-sonic cross plots to estimate overpressure in the shelfal area of the Lower Kutai Basin This webinar will be presented via Zoom on Thursday 1 October at 11:00 Singapore Time

American Association of Petroleum Geologists (AAPG)
Workshop
Netherlands
Tuesday, 9 March Wednesday, 10 March 2021, 8:00 a.m.–5:00 p.m.

The workshop will offer an open forum to integrate two geo-energy communities where technical, environmental, social and business aspects associated with geo-energy exploration, development and production activities will be presented and discussed. The workshop will evolve around a two day program where on the first day a series of key-notes on all themes will provide the basis for in depth discussions, and where on the second day the community will share their knowledge and experiences through presentations and posters to explore the synergies in smaller groups. All with the purpose of coming to a final take-away: which opportunities should be redeemed, which synergies should be nurtured and which bridges are still to be build?

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American Association of Petroleum Geologists (AAPG)
Workshop
Muscat, Oman
Monday, 22 February Tuesday, 23 February 2021, 8:00 a.m.–5:00 p.m.

Join us for the 2nd edition of 'Maximizing Asset Value: Integrating Geoscience with Reservoir Management & Facilities Optimization'.

American Association of Petroleum Geologists (AAPG)
Short Course
Virtual Short Course
Monday, 28 September – Thursday, 1 October 2020, 8:00 a.m.–11:00 a.m.

This virtual short course focuses on methods and workflows for identifying, characterizing, and developing tight-shale reservoirs. Participants will learn how to apply mudrock depositional, sedimentological, sequence stratigraphic, and geochemical principles to exploration areas and production assets in shale basins.

American Association of Petroleum Geologists (AAPG)
Workshop
Bogota, Colombia
Wednesday, 17 March Thursday, 18 March 2021, 8:00 a.m.–5:00 p.m.

The AAPG Latin America & Caribbean Region and the Colombian Association of Petroleum Geologists and Geophysicists (ACGGP) invite you join us for GTW Colombia 2021, a specialized workshop bringing leading scientists and industry practitioners to share best practices, exchange ideas and explore opportunities for future collaboration. The 2-day workshop brings together technical experts and industry leaders from Colombia and throughout the Americas to take a multidisciplinary look at future opportunities for exploration and development of Southern Caribbean Frontier Basins.

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American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 16 February 2012, 12:00 a.m.–12:00 a.m.

This presentation describes a proven workflow that uses a standard narrow azimuth 3D seismic, conventional logs, image logs and core data to build five key reservoir properties required for an optimal development of shale plays.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 2 October 2014, 2:00 p.m.–3:00 p.m.

This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships. 

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 11 February 2010, 12:00 a.m.–12:00 a.m.

Gas hydrates, ice-like substances composed of water and gas molecules (methane, ethane, propane, etc.), occur in permafrost areas and in deep water marine environments.

American Association of Petroleum Geologists (AAPG)
Online Certificate Course
Tuesday, 1 January 2013, 12:00 a.m.–1:00 a.m.

Renewable & Non-Renewable Resources is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for renewable energy.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Monday, 8 June 2020, 12:00 p.m.–1:00 p.m.

A geophysicist with extensive worldwide experience in exploration, appraisal and development settings gained at BG group, Alan Foum will talk about future energy demand modelling in terms of oil, gas and electricity including renewables with his presentation 'Petroleum Perspectives, Past Present and Future'

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 23 June 2020, 2:00 p.m.–3:00 p.m.

Visiting Geoscientist Mauricio Guizada provides an overview of general structural geology of the Andes, with a focus on the Central Andes. His talk covers topics related to onshore exploration, G&G methods in exploration and risk analysis. Join Mauricio Guizada via Zoom on June 23 at 4pm CDT.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 12 April 2012, 12:00 a.m.–12:00 a.m.

This seminar focuses on the role geoscience leaders and mentors play in retaining top talent.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Thursday, 25 June 2020, 8:00 a.m.–9:00 a.m.

Panelists will discuss current unconventional resource activities in North America, including key plays that remain competitive and potential for future growth. They also will address the key challenges for unconventional resources to stay competitive in the global market: maintaining cashflow, reducing expenditures, improving capital and production efficiencies and managing resources. Virtual Forum to be presented via Zoom.

American Association of Petroleum Geologists (AAPG)
Webinar
Virtual Webinar
Tuesday, 30 June 2020, 3:00 p.m.–4:00 p.m.

El geocientífico visitante Juan Pablo Lovecchio revisa aspectos generales de la ruptura, grietas y formación pasiva de márgenes y evolución a través del tiempo, así como elementos del desarrollo del sistema petrolero.

American Association of Petroleum Geologists (AAPG)
Online e-Symposium
Thursday, 28 July 2011, 12:00 a.m.–12:00 a.m.

This presentation discusses one operator’s approach to fully integrate data captured in the Marcellus Shale in order to optimize horizontal well performance.

American Association of Petroleum Geologists (AAPG)
STARR Project Manager/Research Scientist, Bureau of Economic Geology

The Bureau of Economic Geology (Bureau) at The University of Texas at Austin seeks a highly talented individual to lead the State of Texas Advanced Resource Recovery (STARR) research program. MS, or PhD in geosciences or petroleum engineering or related technical discipline. 15 or more years of oil and gas industry and/or academic experience, including supervising and/or managing complex exploration, development, or research projects.

VG Abstract

This is a less-technical education topic. It can be condensed to an hour or given as 2 two-hour sessions. It stresses selected controversial aspects of fracking that touch some combination of environment and economics and includes a short video of how fracking is done.

Request a visit from David Weinberg!

American Association of Petroleum Geologists (AAPG)

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